Stocks in the News: Finisar Jumps Following Record Revenue, CMGI, INTC, SUNW, FNSR See Significant Movements

Strategic Insights -

InvestSource has identified several stocks that are worth noting, with Finisar Corporation (NASDAQ: FNSR) experiencing a significant gain after reporting a record revenue. Meanwhile, CMGI Incorporated (NASDAQ: CMGI) shares surged 7.32% following the company's quarterly operating profit announcement. Intel Corporation (NASDAQ: INTC) shares fell 0.97% despite the company's raised revenue expectations for Q4. Sun Microsystems Incorporated (NASDAQ: SUNW) shares slid 0.19% as CEO Scott McNealy prepares to make an early sales call on Lenovo's new CEO.

Key Takeaways:

  • Finisar Corporation (NASDAQ: FNSR) reported a record revenue of $71.0 million in the second quarter, a 15% increase from the previous quarter and a 66% increase from the same period last year.
  • CMGI Incorporated (NASDAQ: CMGI) shares surged 7.32% after the company reported a quarterly operating profit, its first in nine years.
  • Intel Corporation (NASDAQ: INTC) raised its revenue expectations for Q4, citing strong worldwide demand for its products, but shares fell 0.97% as a result.
  • Sun Microsystems Incorporated (NASDAQ: SUNW) shares slid 0.19% as CEO Scott McNealy prepares to make an early sales call on Lenovo's new CEO.
  • InvestSource has put a Money Alert on these companies, advising clients to remain vigilant and take advantage of potential opportunities.
  • The November PPI report was a mixed bag, with a 0.5% increase in actual numbers but a core PPI that matched expectations at 0.2%.

Statistics:

  • Finisar Corporation's (NASDAQ: FNSR) stock price jumped 15.85% to $2.12 per share.
  • CMGI Incorporated (NASDAQ: CMGI) shares closed at $2.36 with above average volume trading.
  • Intel Corporation's (NASDAQ: INTC) revenue expectations for Q4 increased to between $9.3 billion and $9.5 billion.
  • Sun Microsystems Incorporated (NASDAQ: SUNW) shares closed at $5.25 per share.
  • The November PPI reported a 0.5% increase in actual numbers.
  • The core PPI reported 0.2% increase, matching expectations.

Sources:

  • Softnet Technology Corporation (OTC: STTC) announcement on hiring and expanding technical staff for Solutions Technology, their wholly owned subsidiary.
  • CMGI Incorporated (NASDAQ: CMGI) quarterly operating profit announcement.
  • Intel Corporation (NASDAQ: INTC) revenue expectations for Q4.
  • Sun Microsystems Incorporated (NASDAQ: SUNW) announcement on Scott McNealy's plans to make an early sales call on Lenovo's new CEO.
  • Finisar Corporation (NASDAQ: FNSR) financial results for the second quarter ended October 31, 2004.
  • InvestSource's Money Alert on these companies.